World-Wide Reach - Strong Local Presence!

PRESS RELEASE: Prepared Remarks of Richard Cordray, Director, Consumer Financial Protection Bureau

Sevilla Local Media
CFPB logo

FOR IMMEDIATE RELEASE:
February 14, 2017

CONTACT:
Office of Communications
Tel: (202) 435-7170

Prepared Remarks of Richard Cordray

Director, Consumer Financial Protection Bureau 

Financial Literacy and Education Commission

Washington, D.C.

February 14, 2017

Good morning. I am glad to welcome everyone here to the Financial Literacy and Education Commission for our first meeting of the year. The commission continues to be a valuable forum for promoting financial literacy and a catalyst for improving the financial well-being of consumers. Today, we will be discussing two issues. The first is the efforts being made to support financial readiness for members of our military. The second is the work being done to promote financial education and financial capability in diverse communities across the country. On both fronts, the Consumer Financial Protection Bureau has been actively engaged in making a difference to help people better understand and manage the ways and means of their lives.

As many of you know, Holly Petraeus recently retired from the Consumer Bureau. Over the course of five years, Holly built the Office for Servicemember Affairs from the ground up to be a strong advocate for the men and women who serve this country. Finding a capable replacement to fill Holly’s shoes to do this important work was a high priority.

Having said that, I want to introduce Paul Kantwill, who will be serving as the Bureau’s new head of the Office for Servicemember Affairs. Before joining the Bureau, Paul served as the director in the Office of Legal Policy at the Pentagon. Many of you may have worked closely with Paul already, and we are excited to have him in his new role.  Please help me welcome Paul.

Since the Consumer Bureau first opened its doors more than five years ago, our Office for Servicemember Affairs has been busy engaging with and working on behalf of the military community. To date, we have received more than 71,200 complaints from military consumers telling us about a wide variety of challenges they face. We also have taken a number of enforcement actions against companies that have sought to harm servicemembers and their families. Our vision is to meet the needs of military consumers any way we can – whether by hosting educational seminars or providing financial coaching for transitioning veterans.

In particular, we are working closely with the Department of Defense to offer effective financial literacy training for servicemembers and their families at key stages of the military lifecycle.  While there is never a bad time to provide financial education materials to anyone, we believe that reaching members of the military at major life events during the progress of their careers can make a great contribution to their overall financial stability.

With that in mind, we are enthusiastic about the creation of the Department of Defense Financial Readiness Office. This is a significant step to help ensure that servicemembers have easy access to foundational information about financial education. We look forward to continuing our work together, and today we are interested in hearing from our panelists about how we can make further progress in supporting servicemembers and their families.

We are also interested in hearing about the unique challenges faced by other diverse populations, such as lower-income and economically vulnerable consumers. Last year, we launched a new program at sixty host sites around the country to provide professional financial coaching services to veterans and economically vulnerable consumers. These services are helping people be more proactive in taking control of their finances at crucial moments in their lives.

This financial coaching is being offered primarily at American Job Center sites funded by the Department of Labor. We also are providing it at a number of nonprofit organizations that provide complementary services, such as job training, education, housing, and social services. To date, about 8,000 clients have received well over 16,000 financial coaching sessions and have made positive progress toward meeting their financial goals.

Another initiative that we launched for serving economically vulnerable communities is the Your Money, Your Goals toolkit, which helps consumers obtain accurate information about managing their finances. It is available in both English and Spanish. It is also accompanied by a “train-the-trainer” framework that equips social services staff, including case managers and others, to help clients identify their own financial challenges and goals. Over 250 organizations in 49 states, plus the District of Columbia and Puerto Rico, have adopted it to better serve their clients. In the past three years, over 13,000 frontline staff and volunteers have been trained on the Your Money, Your Goals toolkit, and we will be working to select another 30 organizations, public entities, and coalitions for more trainings beginning later this month.

These are just some of the many ways we are engaging with lower-income and economically vulnerable consumers, and we look forward to hearing from our panel members on other innovations they are developing in this area.

All of the resources I mentioned for servicemembers and economically vulnerable consumers can be found on our website at consumerfinance.gov, which I encourage you to visit.

We are fast approaching the week where we recognize the “America Saves” and “Military Saves” initiatives. They remind us of the key role that the FLEC plays in coordinating the federal government’s efforts to promote financial literacy and financial capability. The work we are doing together here at the FLEC remains vital to achieving sustained financial well-being for individuals and families everywhere in the United States. Thank you.

###

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.

Like & Follow Us on Social Media!

Subscribe!

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 3,950 other subscribers

JDRF One Walk: Grace for the Cure! Please Support Team Gracie Sevilla!

What People are Saying!

 

“Hands down, the best!”

– George Farjeat of Farjeat Insurance

“Great value and return on investment”

– Ines Calderon of Adriana’s Insurance

“Tommy is the king of social media!”

– Rocky Patel of Rocky Patel Premium Cigars

“Best investment I’ve ever made”

– Dale Roley of Roley’s Tree Care

“…great job in increasing my exposure…”

– Mark Cantrell, Law Offices of Mark Cantrell

 

Free Business Listings!

Featured Listings

Upcoming Live Music

No shows booked at the moment.

Featured: Susie Garcia & Las Colibri

Featured: Viento Callejero with Marlene Beltran

SEO Management

RSS Alexa Blog

  • How to Find LSI Keywords: 5 Easy Strategies
    Once you master the basics of writing SEO-friendly content, it’s time to take your strategy to the next level by learning how to find LSI keywords for your content. At a first look, LSI keywords may seem like an advanced SEO strategy difficult to understand and execute. But the concept is simple when you know […]
  • Your Complete Guide to Creating an Influencer Marketing Strategy
    A successful influencer marketing strategy helps you increase brand exposure, build authority, and connect with new audiences. It drives traffic to your site and leads new customers to your products and services. There are many benefits of influencer marketing, but it can be a confusing and complicated strategy to set up, launch, and manage. It’s […]
  • How to Do Market Research Better Than Your Competitors
    Learning how to do market research better than your competitors equips you to outperform them. A strong market research process helps you learn about your audience, understand their needs, and position your products and services to serve them better. With these insights, you can improve your marketing strategies and rise above competitors who don’t fully […]
  • 7 Overlooked Benefits of Influencer Marketing
    When marketers think about the benefits of influencer marketing, most think of the exposure that comes with a social media star or celebrity sharing content about their brand. It’s the publicity and attention that immediately comes to mind. But influencer marketing brings more than just extra exposure . Here are seven often-overlooked benefits, plus real […]
  • How to Submit a Guest Post That Any Editor Will Love
    As a marketer, you probably don’t need anyone to tell you how valuable content is to your marketing efforts. You’re already creating content: I bet you have some high-quality blog posts and resources for your audience members and that your email campaigns and social feeds share that content with subscribers and followers. But what about […]

RSS Search Engine Watch

RSS Search Engine Land

RSS Local Business Locator Blog

  • Adriana’s Insurance: New Federal Laws – Eco-Friendly California
    Proposed Federal Laws Could Negatively Impact California’s Eco-Friendly Laws www.AdrianasInsurance.com On August 02, 2018, the U.S. Environmental Protection Agency (EPA) in conjunction with the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) released a notice of proposed rulemaking called the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for Model Years 2021-2026, Passenger Cars and […]
  • Grace for the Cure! JDRF One Way Walk for Type 1 Juvenile Diabetes
    Grace for the Cure! (Team Gracie Sevilla) Cure Type 1 Diabetes     Type 1 Diabetes (Juvenile Diabetes) Putting an end to T1D, one step at a time Our team is walking to end type 1 diabetes (T1D). When you have T1D, your body stops producing insulin—a hormone essential to turning food into energy. Managing […]
  • The “Total You” Workshop from Rise Programs Academy
    THE TOTAL YOU WORKSHOP How to improve “The Total You” Spirit, Soul and understand the 3 primary areas to bring passion, alignment and stability into your entire life. You will get direction to live, obtain spiritual awakening, recharge emotionally, improve your thought process, and refresh your life! The Total You workshop is about becoming the […]
  • 10 Official CA Vehicle Laws That Will Make You Scratch Your Head
        California Insurance Services from Adriana’s A wise person once said that “Common Sense is like deodorant. The people who need it the most never use it.” This may sound like a silly joke, but the sad truth is that it’s impossible to measure how much trouble people regularly get into, simply because they […]
  • Phil Wickham Record Release Party: Friday, August 3, 2018

RSS LBL Blogspot Feed

RSS Music Connection

  • Gregory Porter at the Hollywood Bowl Photo Blog August 17, 2018
    Oftentimes, a major venue like the Hollywood Bowl will add enticement to a major artist booking by having that artist not only perform songs from his or her catalog, but pay homage to a legendary figure from the past. This happens a lot in jazz, where greats like Ella Fitzgerald, Billie Holiday, Charlie Parker, Dizzy […]
  • CD Baby Distributes 50% Of All New Spotify Tracks, Publishes 1 Million Songs August 17, 2018
    CD Baby, a company best known as a distributor of and advocate for independent musicians, now also administers the publishing of more than a million songs for 160,000 songwriters in over 50 countries. Their core distribution business is booming, as well. CD Baby estimates that their distributed catalog accounts for about 35% of the tracks […]
  • Thank You for Today by Death Cab for Cutie: Album Review (9/10) August 17, 2018
    Death Cab for Cutie released their most polished and amicable album yet. Songs like “Good Help (Is So Hard To Find)” and “Near/Far” do well for shoulder dancing, not being taken too seriously. But “When We Drive,” “Autumn Love,” and “Your Hurricane” feel like the moment of relief after you bolt awake from near-sleep to […]
  • Byrds Co-Founders, Marty Stuart Celebrate Sweetheart of the Rodeo 50th August 17, 2018
    To commemorate the 50th anniversary of the Byrds’ album Sweetheart of the Rodeo, founding Byrds member Roger McGuinn and Chris Hillman joined country legend Marty Stuart and his Fabulous Superlatives for a very special tour. The tour stopped at the Ace Hotel in Los Angeles, CA for two nights, I was there on the second night […]
  • Jukebox Heroes Tour at the Five Point Amphitheater in Irvine, CA August 17, 2018
    The Jukebox Heroes Tour featuring Foreigner, Whitesnake, and Jason Bonham’s Led Zeppelin Experience came to an end on Aug. 1 in Irvine, CA at the Five Point Amphitheater.  For it being the final show of the tour, you would never know all three bands had already played nearly 30 shows prior to this one. The first […]

RSS Political News

  • ‘Dangerous’ 2A Supporter Needed Med Attention After ‘Compassionate’ Libs Got Done August 20, 2018
    A man demonstrating with a conservative, Second Amendment-supporting group this weekend had to receive medical attention after being attacked by left-wing counter-protesters at a pro-Second Amendment rally in Seattle, Fox News reports. The “Liberty or Death” rally took place outside of Seattle’s City Hall and was organized by the Washington 3 Percenters and Patriot Prayer. The… […]
  • Divisive Social Media Challenge Is Doubling People’s Dining Bills August 20, 2018
    The moment I first saw the contents of a Tide Pod frothing from the mouth of a community college student with more parking tickets than brain cells, I was pretty much done with social media challenges. There’s no way you can see that kind of thing and tell yourself, “You know, peer pressure on the… […]
  • Watch: NYPD’s ‘Hands-Off Policy’ Turns Stroll Down Street Into Grueling Gauntlet August 20, 2018
    Being a police officer has always been a thankless job. Kids have never traded officer trading cards. Danger is a constant occupational hazard. And police officers are far more likely to have their names recognized in death than in life. In 2018, thanklessness has somehow morphed into borderline impossibility. Public figures like Colin Kaepernick and… […]
  • School District Under Fire From Parents After Banning Fast Food August 20, 2018
    Parents of children at a Missouri school are fighting back after the school district announced it was banning fast food from being eaten on campus during school hours. A terse announcement on the Facebook page of Dear Elementary in the Richmond School District in Richmond, Missouri, stated that “(n)ew board policy states that no fast… […]
  • Way Too Far: Golfer Bites Off Another Golfer’s Finger After Argument Escalates August 20, 2018
    When it comes to the sport of golf, I’m firmly in the good-walk-spoiled contingent. I’m bored enough watching tournaments where announcers can’t stop talking about whether or not the crumbling frame of an aged Tiger Woods can break par, so why would I want to go out on a course and actually play worse than… […]

How to Create Backlinks: A Definitive Guide

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
%d bloggers like this: